Investments, cash equivalents, real estate, personal property—any of these can be put at risk in the event of a lawsuit. Planning out how assets will be held and transferred is absolutely vital to preventing losses if this should ever happen. Furthermore, it can head off lawsuits in the first place since a solid plan will act as a strong piece of evidence in conflict resolution.

Asset protection takes a variety of forms. Ultimately, the methods of securing an asset will depend on its type and worth. Hart & David can help you protect your assets, whether those constitute charitable contributions, captive insurance companies, or domestic/international assets.

Tax Exempt and Charitable Planning

Audits have become more prevalent in recent years, so tax exempt entities such as charities and other non-profits need to be well organized. In addition, their methods for obtaining and transferring funds, managing assets, and delegating responsibilities need to be fully compliant with federal and state regulations. Knowledge of laws governing taxes and charitable organizations is vital to keeping a non-profit afloat.

Making charitable contributions also has highly involved tax implications. Hart & David can help you through the process of determining the most tax efficient way to make these contributions without running into legal issues.

Captive Insurance

The insurance industry is regulated by numerous federal and state codes, and the legal intricacies only become more complex when you invest in your own insurance firm. An understanding of how the law impacts taxes, corporate governance matters, coverage, defense, stock, policy language, and other issues within a captive insurance firm is vital to running it successfully and protecting the capital invested in it.

That is where Hart & David comes in. We can help you structure the way investments are handled, how claims are carried out, how regulations will be met, and many other matters involved in captive insurance.

Domestic Asset Protection

Asset protection trusts are designed to prevent loss of an asset due to lawsuits, taxation, bankruptcy, divorce, and other liabilities. As such, they are heavily regulated by federal and state laws and must be carefully structured. Skilled legal assistance is needed when structuring these trusts. That way, you can be sure they will be maximally effective and compliant with the law.

There are a number of ways to protect domestic assets, depending on the type. These may include:

– Domestic asset protection trusts
– Pre-inheritance trusts
– Healthcare professional asset protection
– Real estate owner asset protection
– Family limited partnerships

Our attorneys can work with you to discuss your options for protecting your domestic assets.

International Asset Protection

There are a number of elements to consider when managing international assets. Government agencies as well as companies and individuals may post risks to your property and investments, so you need to be sure to protect them wisely. Foreign laws come into play when investing overseas, and knowing how to protect your international assets therefore requires a thorough working knowledge of those laws. At Hart & David, our attorneys can help you structure foreign corporate entities and trusts.

Legal Assistance

Hart & David provides you with the legal counseling and representation needed to protect your assets, both within the US and abroad. Contact us to learn more and to schedule a free consultation.

Joel J.H. Funk

Joel J.H. Funk

Partner
Jonathan D. Herpy

Jonathan D. Herpy

Partner
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